Core Viewpoint - Shanghai Electric has shown a significant increase in stock price and financial performance, indicating potential growth opportunities in the energy and equipment sectors [1][2]. Financial Performance - As of June 30, 2025, Shanghai Electric achieved a revenue of 543.03 billion yuan, representing a year-on-year growth of 8.89% [2]. - The net profit attributable to shareholders reached 8.21 billion yuan, marking a substantial increase of 36.40% compared to the previous period [2]. Stock Market Activity - On September 25, Shanghai Electric's stock price rose by 2.03%, reaching 9.05 yuan per share, with a trading volume of 11.47 billion yuan and a turnover rate of 1.01% [1]. - The company's market capitalization stands at 140.638 billion yuan [1]. - Year-to-date, the stock price has increased by 11.59%, with a 5-day increase of 11.18% and a 60-day increase of 23.30% [1]. Shareholder Information - As of June 30, 2025, the number of shareholders decreased to 704,400, a reduction of 6.70% [2][3]. - The top ten circulating shareholders include significant entities such as China Securities Finance Corporation and Hong Kong Central Clearing Limited, with notable changes in their holdings [3]. Dividend History - Since its A-share listing, Shanghai Electric has distributed a total of 99.73 billion yuan in dividends, although there have been no dividends paid in the last three years [3]. Business Overview - Shanghai Electric, established on March 1, 2004, and listed on December 5, 2008, operates in sectors including renewable energy, environmental equipment, and industrial services [1]. - The company's revenue composition includes 77.23% from product sales, 10.01% from service provision, 7.55% from engineering construction, and 5.21% from other sources [1].

Core Insights - The 25th China International Industry Fair showcases Shanghai Electric's comprehensive path towards "new productive forces" in industrial evolution, emphasizing "extreme intelligence, extreme greenness, and extreme precision" [1][9] - The event highlights the integration of seven key sectors: energy, industry, drive, basic components, medical, environmental protection, and heating/cooling, forming a cohesive vision for future industrial development [1] Energy Evolution - Shanghai Electric presents a clear technological evolution path from "coal, nuclear" as a stable foundation to "hydrogen, ammonia, and methanol" as strategic extensions, integrating "source, network, load, storage, and control" [3] - The company showcases its unique capabilities in nuclear power, including high-temperature gas-cooled reactor equipment, and emphasizes its advancements in nuclear fusion technology [5] - A significant highlight is the green methanol project in Jilin, which is the first large-scale commercial operation in China, demonstrating key technologies and achieving EU ISCC certification [5] Industrial Intelligence Transformation - The industrial segment illustrates how Shanghai Electric injects intelligence into the entire manufacturing process, transitioning from "large manufacturing" to "large cities" [6] - The focus on smart robotics, including various specialized robots, showcases the company's ability to achieve a full-chain layout through multi-industry collaboration [6] - The "Lingke" dual-arm robot exemplifies a closed-loop learning system that optimizes skills in real tasks, reflecting the core demands of flexible manufacturing [6] Historical Context and Future Direction - The "Centennial Transmission" exhibition contrasts historical artifacts with cutting-edge technology, illustrating the evolution from "self-reliance" to "intelligent leadership" in China's power equipment sector [7][9] - Shanghai Electric aims to continue leveraging energy and industry as dual engines, focusing on system integration and ecological collaboration to drive new productive forces in China's industrialization [9]

Market Performance - The other power equipment sector increased by 2.1% on September 24, with Haibo Sichuang leading the gains [1] - The Shanghai Composite Index closed at 3853.64, up 0.83%, while the Shenzhen Component Index closed at 13356.14, up 1.8% [1] Individual Stock Performance - Haibo Sichuang (688411) closed at 268.98, up 4.30% with a trading volume of 47,300 shares and a transaction value of 1.27 billion [1] - Shanghai Electric (601727) closed at 8.87, up 4.11% with a trading volume of 8.15 million shares and a transaction value of 7.25 billion [1] - Other notable performers include Kewell (688551) up 3.94%, Yingjie Electric (300820) up 3.45%, and Futec Technology (832110) up 2.52% [1] Fund Flow Analysis - The other power equipment sector experienced a net outflow of 205 million from institutional investors, while retail investors saw a net inflow of 333 million [2][3] - Major stocks like Shanghai Electric and Haibo Sichuang had mixed fund flows, with Shanghai Electric seeing a significant net outflow from both institutional and retail investors [3]

Core Insights - The 2025 China International Industrial Expo, themed "Industrial New Quality, Intelligent Manufacturing Without Boundaries," was held in Shanghai, showcasing the evolution of China's industrial sector from "Made in China" to "Intelligent Manufacturing" [1] - Shanghai Electric presented its latest technological achievements and solutions in new power systems and integrated high-end equipment, emphasizing its commitment to high-end, intelligent, and green manufacturing [1][3] Energy Sector Developments - Shanghai Electric has strategically positioned itself in the energy sector, focusing on a comprehensive new power system integrated equipment solution, which includes coal, nuclear, wind, solar, and hydrogen technologies [3] - The company showcased its capabilities in high-temperature gas-cooled reactor equipment, highlighting its unique position as the only domestic manufacturer capable of supplying complete sets of nuclear island equipment [3] Green Energy Initiatives - Shanghai Electric is advancing its green energy initiatives with a full-chain solution from green hydrogen production to methanol synthesis, exemplified by its integrated demonstration project for green methanol [4] - The project is notable for being the first in China to achieve large-scale commercial operation and has received EU ISCC certification, marking its entry into international markets [4] Industrial Manufacturing Innovations - The company is focusing on the integration of various industrial sectors, providing solutions from industrial plant design to automation equipment and environmental protection [5] - Shanghai Electric displayed a range of intelligent robots and key components, showcasing its comprehensive capabilities in robot manufacturing and application [5] Advanced Machinery and Technology - Shanghai Electric's industrial mother machine sector is represented by high-precision grinding centers capable of nanometer-level precision, suitable for critical aerospace and robotics applications [6] - The company hosted a significant industry event to promote collaboration and innovation within the industrial sector [6] Historical Significance and Legacy - The "Centennial Transmission" exhibition highlighted Shanghai Electric's historical contributions to China's industrial development, showcasing significant artifacts that represent milestones in the nation's manufacturing history [7] - The exhibition aimed to unlock the historical charm and evolution of Shanghai Electric, emphasizing its role in the modernization of China's industrial landscape [7] Future Outlook - Shanghai Electric plans to continue its dual evolution in energy and industry, focusing on upgrading core technologies to drive high-quality development and support China's new industrialization efforts [10]

Core Viewpoint - The article highlights the strategic collaboration between Shanghai Electric, Shanghai Port Energy, and CMA CGM Group to establish a green methanol supply chain, marking a significant step towards low-carbon development in international shipping [2][4]. Group 1: Contracts and Collaborations - On September 22, Shanghai Port Energy signed a "Green Methanol Procurement Supply Contract" with Shanghai Electric Taonan Green Source Fuel Co., Ltd. [2] - On September 18, Shanghai Port Energy entered into a "Green Methanol Bunkering Service Contract" with CMA CGM Group, indicating a milestone in their collaboration [2]. - These contracts are part of the long-term supply cooperation framework agreement signed by the three parties on March 20, with initial cooperation expected to last until 2030 [4]. Group 2: Project Details - Shanghai Electric will provide stable green methanol production capacity based on its self-built green methanol project in Taonan, Jilin [6]. - Shanghai Port Energy will leverage its expertise in port services and green energy bunkering to safely and efficiently deliver green methanol fuel at Shanghai Port for CMA CGM Group [6]. - The green methanol project by Shanghai Electric officially commenced production on July 15, with the first phase successfully producing green methanol through wind power coupled with biomass gasification [6].

Core Insights - The event aims to promote deep integration and development between industrial mother machine enterprises and upstream and downstream companies in Shanghai, aligning with the Ministry of Industry and Information Technology's requirements [1][3] Group 1: Event Overview - The 2025 "Industrial Mother Machine+" demand-supply matching event was successfully held on September 23, marking the opening day of the 25th China International Industry Fair [1] - The event featured the release of 100 demand lists and 200 supply lists across various sectors, including aerospace, new energy vehicles, and robotics, facilitating the development of small, medium, and large enterprises [3] - Over 80 cooperation projects were facilitated during the event, with a total signing amount exceeding 3 billion yuan [3] Group 2: Government and Industry Support - Shanghai's government emphasizes the importance of industrial mother machines as a core hub of the modern industrial system, aiming to strengthen innovation, AI integration, and ecosystem construction [3][4] - The Ministry of Industry and Information Technology plans to enhance the top-level design of the industrial mother machine sector, focusing on collaborative innovation and the cultivation of quality enterprises [4] Group 3: Technological Advancements - Shanghai Electric has developed a comprehensive R&D capability covering large and specialized grinding machines, focusing on breakthroughs in key technologies within the industrial mother machine sector [10] - The company is advancing smart machine tool solutions that integrate cutting-edge technologies to enhance processing efficiency and provide new paradigms for high-end manufacturing [10] Group 4: Collaborative Ecosystem - The establishment of the "AI + Industrial Mother Machine" financial and industrial ecosystem aims to accelerate the integration of intelligent technologies and enhance the competitiveness of the national manufacturing sector [6][9] - The event attracted over 300 participants from various sectors, fostering a collaborative environment for industry, academia, and research [9]

（股份代號: 02727） 於二零二五年九月二十二日舉行之股東特別會議投票表決結果 上海電氣集團股份有限公司（「本公司」）董事會（「董事會」）欣然宣佈已於二零二五年九 月二十二日正式召開股東特別會議（「股東特別會議」），股東特別會議上提呈的決議案獲本 公司股東以投票表決方式正式通過。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴該等 內容而引致之任何損失承擔任何責任。 SHANGHAI ELECTRIC GROUP COMPANY LIMITED 上海電氣集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） * 概無股東須根據上市規則就股東特別會議提呈的任何決議案放棄投票。概無有權出席股東特別會 議的股東須根據上市規則第 13.40 條於會上就任何決議案放棄投贊成票。概無任何股東於通函中 表明有意就股東特別會議提呈的任何決議案投反對票或放棄投票。 有關決議案的全文請參閱通函。股東特別會議提呈的決議案表決結果如下： 茲提述本公司日期為二零二五年九月一日的通函（「通函」），其中載有供本 ...

国浩律师（上海）事务所 法律意见书 本所同意将本法律意见书作为公司本次会议公告的法定文件，随公司其他公 告一并提交上海证券交易所审查并予公告。 在本法律意见书中，本所律师仅对本次会议的召集和召开程序、出席会议人 员的资格、召集人的资格、会议表决程序及表决结果是否符合《公司法》、《证券 法》、《股东会规则》以及《公司章程》的规定发表意见，并不对本次会议所审议 的提案内容以及这些提案所表述的事实或者数据的真实性、准确性和完整性发表 意见。本所律师假定公司提供的与本次会议有关的文件、资料（包括但不限于有 关人员的身份证明、股票账户卡、授权委托书、营业执照等）是真实、完整的， 该等文件、资料上的签字和/或印章均为真实的，并据此出具法律意见。 本所律师按照律师行业公认的业务标准、道德规范和勤勉尽责精神，对公司 本次会议的相关法律问题发表如下意见： 国浩律师（上海）事务所 关于上海电气集团股份有限公司 2025 年第二次临时股东会的法律意见书 致：上海电气集团股份有限公司 国浩律师（上海）事务所（以下简称"本所"），接受上海电气集团股份有限 公司（以下简称"公司"）的委托，指派本所律师出席公司 2025 年第二次临时股 ...

证券代码：601727 证券简称：上海电气 公告编号：临 2025-054 上海电气集团股份有限公司 2025年第二次临时股东会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东会召开的时间：2025 年 9 月 22 日 (二)股东会召开的地点：中国上海市浦东大道 2748 号上海电气培训基地报告厅 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 12,039 | | --- | --- | | 其中：A 股股东人数 | 12,037 | | 境外上市外资股股东人数（H 股） | 2 | | 2、出席会议的股东所持有表决权的股份总数（股） | 7,997,877,467 | | 其中：A 股股东持有股份总数 | 7,678,200,362 | | 境外上市外资股股东持有股份总数（H 股） | 319,677,105 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 51.466 ...

Market Overview - On September 18, the other power equipment sector declined by 1.44%, with Haibo Sichuang leading the drop [1] - The Shanghai Composite Index closed at 3831.66, down 1.15%, while the Shenzhen Component Index closed at 13075.66, down 1.06% [1] Stock Performance - Key stocks in the other power equipment sector showed mixed performance, with Keda's stock price increasing by 2.79% to 39.44, while Haibo Sichuang's stock price fell by 5.43% to 198.60 [1][2] - The trading volume and turnover for Keda reached 358,000 shares and 1.397 billion yuan, respectively [1] Capital Flow - The other power equipment sector experienced a net outflow of 974 million yuan from main funds, while retail investors saw a net inflow of 949 million yuan [2][3] - Notable stocks like Keda and New Power had varying net inflows and outflows from main and retail investors, indicating differing investor sentiment [3]